LPL Financial LLC Purchases 6,666 Shares of Q2 Holdings, Inc. (NYSE:QTWO)

LPL Financial LLC increased its stake in shares of Q2 Holdings, Inc. (NYSE:QTWO - Free Report) by 35.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,569 shares of the technology company's stock after acquiring an additional 6,666 shares during the quarter. LPL Financial LLC's holdings in Q2 were worth $2,574,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in QTWO. William Blair Investment Management LLC acquired a new stake in Q2 during the 4th quarter worth $202,645,000. Raymond James Financial Inc. bought a new position in shares of Q2 during the 4th quarter worth approximately $18,271,000. Cookson Peirce & Co. Inc. bought a new stake in shares of Q2 during the 4th quarter worth about $11,681,000. Wealthfront Advisers LLC bought a new position in shares of Q2 during the fourth quarter worth approximately $9,367,000. Finally, Barclays PLC grew its stake in shares of Q2 by 104.0% in the third quarter. Barclays PLC now owns 163,138 shares of the technology company's stock valued at $13,012,000 after acquiring an additional 83,181 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Citigroup raised their target price on Q2 from $96.00 to $100.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. The Goldman Sachs Group cut their price objective on Q2 from $119.00 to $106.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. Stephens reaffirmed an "overweight" rating and set a $115.00 target price on shares of Q2 in a research note on Thursday, February 13th. Royal Bank of Canada upped their price target on Q2 from $105.00 to $108.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 13th. Finally, Raymond James boosted their target price on shares of Q2 from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Q2 has a consensus rating of "Moderate Buy" and a consensus target price of $102.33.

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Q2 Trading Up 1.8 %

NYSE:QTWO traded up $1.38 on Tuesday, reaching $76.82. The company's stock had a trading volume of 497,880 shares, compared to its average volume of 651,178. The stock has a 50 day moving average price of $81.60 and a 200 day moving average price of $90.47. Q2 Holdings, Inc. has a 12-month low of $49.56 and a 12-month high of $112.82. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.58. The firm has a market cap of $4.66 billion, a price-to-earnings ratio of -118.18 and a beta of 1.61.

Q2 (NYSE:QTWO - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.18 earnings per share for the quarter, missing analysts' consensus estimates of $0.48 by ($0.30). Q2 had a negative net margin of 5.53% and a positive return on equity of 0.85%. On average, equities analysts anticipate that Q2 Holdings, Inc. will post 0.67 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Matthew P. Flake sold 36,023 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $80.35, for a total value of $2,894,448.05. Following the completion of the transaction, the chief executive officer now owns 485,666 shares of the company's stock, valued at approximately $39,023,263.10. This represents a 6.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director James Offerdahl sold 1,000 shares of Q2 stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $87.96, for a total value of $87,960.00. Following the completion of the transaction, the director now owns 17,241 shares of the company's stock, valued at $1,516,518.36. This trade represents a 5.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 193,858 shares of company stock worth $14,853,965. 3.00% of the stock is owned by corporate insiders.

Q2 Company Profile

Q2 Holdings, Inc provides cloud-based digital solutions to regional and community financial institutions in the United States. The company offers Digital Banking Platform, an end-to-end digital banking platform supports its financial institution customers in their delivery of unified digital banking services across digital channels.